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Kiwi Property Group

Directory

NZX code:
KPG
Short name:
Kiwi Property Group
Legal name:
Kiwi Property Group Limited
Industry sector: Property
NZX50 rank: [no data]
Head office:
Level 7, Vero Centre, 48 Shortland Street, Auckland 1010
Chairman:
Simon Shakesheff
Chief executive:
Clive Mackenzie
Financial year ended:
March
Locations: New Zealand
Auditor:
PwC
Bankers:
ANZ, BNZ, CCBNZ, CBA, HSBC, Westpac

Kiwi Property Group

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Financial Data

A. Recent trading and performance summary

Total revenue NPAT Earnings per share
mln mln cents
2018 251.0 120.1 8.7
2019 237.5 138.1 9.7
2020 243.6 -186.7 -12.5
2021 232.4 196.5 12.5
2022 245.1 224.3 14.3
2023 259.1 -227.7 -14.5
2024 244.6 -2119 -13

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B. Recent financial position summary

Total assets Total Liabilities Equity ratio
bln bln %
2018 3.08 1.09 64.6
2019 3.24 1.19 63.3
2020 3.16 1.18 62.7
2021 3.37 1.23 63.5
2022 3.59 1.32 63.2
2023 3.24 1.30 59.9
2024 3.23 1.37 52.0

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C. Recent cash flows and positions

Cash inflows Cash outflows Cash and equiv. at year end
mln mln mln
2018 108.2 107.3 10.7
2019 103.0 103.8 9.9
2020 208.5 197.1 21.3
2021 111.6 116.8 16.0
2022 115.6 120.0 11.6
2023 112.9 132.4 17.9
2024 99.33 99.0 18.2

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D. Recent key ratio analysis

Earnings per share Price:Earnings ratio NTA/share Dividend yield
cents annual avg dollars annual avg %
2018 8.7 15.4 1.44 5.11
2019 9.7 15.3 1.44 4.68
2020 -12.5 -7.5 1.32 3.76
2021 12.5 9.9 1.36 4.15
2022 14.3 7.7 1.45 5.09
2023 14.5 N/A 1.23 7.76
2024 -0.01 -630.7 1.17 8.03

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Description of trading activities

Kiwi Property Group owns New Zealand property assets. This includes retails centres and office buildings to thriving mixed-use communities. They have a team of more than 160 people who manage $3.2 billion worth of NZ property and $400 million worth of property on behalf of third parties.

CEO profile

Clive Mackenzie has been in involved in property and finance for 20 years and became the CEO of KPG in 2018. Before this, he held senior roles in Washington and NZ, with Westfield and St Lukes Group, across leasing, development and shopping centre management. There his main role was to create and implement transformational strategies to evolve, strengthen and develop the company's real estate portfolio.

Chairman profile

Simon Shakesheff is an Australian-based professional director, holding experience with property, finance, strategy, and mergers and acquisitions. As well as being Chair of KPG, Shakesheff is also a Director of Cbus property, Assembly funds management, SGCH, and is the Chair of HomeCO. Previously, Shakesheff has been an executive at Stockland, Bank of America Merrill Lynch, UBS, J.P Morgan and Macquarie Bank.